Anonymous


We are having excise credit of Rs. 5 L from 2003-04 on yarn purchased by us for export, now we have to pay service tax on :-

1. GTA :- As service Receiver under reverse mechanism ( 75% abetment and 25% taxable)
2. We have given our property on rent and we are charging service tax on Immovable Property.

Can I utlise above excise credit in payment of service tax of above two services ?

Pls provide related sec / notifications / case law.


Sarthak Abhyankar
11 July 2013 at 10:35

Applicability of interest 234b/c

Sir,
Interest u/s 234b/c is not applicable for senior citizen,this is right??
thanks


rahul
11 July 2013 at 10:27

Bom costing

Dear CCI Members

During verification of BOM for cost audit i found that the company is including the consumables like cotton,oil,etc. in BOM.and showing it to the Material consumed in cost sheet.
In my opinion consumables should not form part of BOM.
can u kindly tell me whether the company can show consumables in BOM.



Anonymous
11 July 2013 at 09:50

Articleshp per

Sir,
I have spent 5 hours of travelling from audit firm to home to conduct d firm audit.. Shall this 5 hours consider as my articleshp hour. Pls advice frnds.


mahadebmandal

I am working in a company wherin we are engaged in project management consultant for different awarder. We are managing the client's fund for the project. The project fund is kept in a separate account till the project is over and any interest earned is credited to the fund. We are eligible for project management consultancy fees of 7% of the project cost plus service tax. My question is if client or awarder has to deduct tax u/s 194c of income tax 1961 on the project fund released to us. Experts may reply to this



Anonymous
11 July 2013 at 09:31

Ddt

our company has paid Dividend distribution Tax for the year 2012-13 how to show in financial statement. whether shall we claim DDT as a expenditure or not


priya
11 July 2013 at 08:48

Pre-incorporation revenue expense

Company X Ltd (Private Co) purchased business from Y Ltd.(Only Name i.e Goodwill) and now establishing it like Construction of Factory, Office Etc.
Now my Question is while constructing Factory and other things Co incurred some revenue Expenses Say Vehicle Expenses, Electricity Expenses, General Expenses What treatment should be given to these expenses in Books of A/cs?

Can we called them as Premlimnary Expenses?


SATYENDRA KR. GUPTA

Dear Friends,
Please tell me ,what is the due date of filling of the balance sheet and profit & loss a/c in XBRL form for the F.Y.2012-2013.
If AGM date is 15th,June.2013?

And what is the criteria for XBRL filling ?

Thanks
Satyendra Gupta


Sumit A. Raval

Please help me by providing the full info on how to revise the pr yr's quaterly tds statement through tds cpc in case it contains wrong pan of ddeductee details.


Amjum
11 July 2013 at 00:39

Investment by a foreigner

Hi Friends,

Please tell me what are the possible ways to invest by a foreigner in India,type of entity they can form , what kind of business they can initiate with maximum % of their holding to the business,

Regards,





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